Uniper and Singapore’s Pavilion Gas signed a LNG deal that will allow both companies to gain access to assets in their respective home markets, Uniper announced on Wednesday.
The multi-year agreement between the companies will allow Pavilion access to the U.K. and continental European gas markets, while Uniper will benefit from access to LNG assets in the Asian market, the Dusseldorf-based company Uniper highlighted.
Uniper will gain access to Pavilion's storage and reloading facility while Pavilion will benefit from access to LNG re-gasification capacities in Gate LNG terminal in Rotterdam, the Netherlands and the Grain LNG terminal in the U.K.
'This deal will enhance the flexibility within the diverse LNG portfolios developed by both companies over the years. It will further create LNG logistic optimization abilities for both companies between the Atlantic and Pacific basin,' the statement read.
Both companies will be looking to co-operate further in different areas of energy trading providing extensive experience of their home markets and venturing into new markets
together, it continued.
By Ebru Sengul
Anadolu Agency
energy@aa.com.tr